S&P500 and Dow Jones: US Stocks Rise in Premarket Ahead of Retail Sales and Earnings

• Tech stocks rebounded as bargain-hunters bought shares after AI-driven selling made them 'too cheap to ignore,' with the S&P 500 holding above its 50-day moving average support at 6,937.55
• Dow Futures traded at 50,242 (+0.05%), S&P futures at 6,989.75 (+0.09%), and Nasdaq futures at 25,361.25 (+0.03%) ahead of Tuesday's retail sales report
• Early premarket movers included ON Semiconductor (-6%), Upwork (-22%), and Aecom (+3%), while analysts noted the 'buy the dip' strategy remains active with the 200-day MA at 6,594.25 as major support

Market Summary: US Stocks Rise Ahead of Key Data Releases

Market Movement

US stock index futures posted modest gains in premarket trading on February 10, 2026. Dow Futures rose 23.00 points (+0.05%) to 50,242.00, S&P 500 Futures gained 6.50 points (+0.09%) to 6,989.75, and Nasdaq Futures climbed 7.25 points (+0.03%) to 25,361.25. This marks the third consecutive day of gains as markets approach record highs.

Key Developments

Tech stocks rebounded after last week's rotation into old economy sectors briefly pushed the Dow to record levels. Investors are aggressively buying undervalued tech stocks following AI-driven selloffs, with the S&P 500 repeatedly finding support at its 50-day moving average (6,937.55). The index's record high stands at 7,043.00.

Corporate Earnings

Coca-Cola, Hasbro, and Spotify are scheduled to report earnings Tuesday. CVS beat quarterly estimates and reaffirmed its profit outlook. Notable premarket movers include ON Semiconductor (-6.00%), Upwork (-22.00%), Chegg (-5.00%), Aecom (+3.00%), and Cincinnati Financial (-1.00%).

Economic Data

Retail sales data releases Tuesday morning, providing the Federal Reserve insight into consumer spending trends. However, traders are primarily focused on Wednesday's Non-Farm Payrolls report and Friday's CPI data, which will significantly influence Fed policy decisions and interest rate expectations.

Technical Outlook

The "buy the dip" strategy remains active, with investors using the 50-day moving average as a key trend gauge while viewing the 200-day moving average (6,594.25) as major support. Market resilience suggests acceptance of choppier trading conditions after two years of trending behavior.